Managers split over UK housing while rates bite.

MID-cap managers have offered opposing views on the UK housing market as interest rates bite into returns.

Despite poor sentiment to the housebuilding sector, it could be set for improvement heading in to next year, according to managers at Rensburg. But, Andy Brough, manager of the AGBP823.5m Schroder UK Mid250 fund, felt that strong long-term prospects for the sector were intact.

Leigh Himsworth, manager of the AGBP21m Rensburg UK Mid Cap fund, said the fund had benefited from an underweight position to building stocks on concerns of a severe downturn in th